First Quarter Results
Net sales increased 3.0% to $269.8 million for the 13-week period ended
May 2, 2015, compared with $261.9 million for the 13-week period ended
May 3, 2014. Comparable store sales decreased 0.9%.

Jeff Rosenthal, President and Chief Executive Officer, stated, “We
experienced early headwinds in the quarter, with February posting a
negative high-single-digit comp due to impacts from weather-related
closures, port delays and a shift in the timing of tax refunds. We were
pleased with our performance in March and April, and we have seen this
trend improve in May.”

Gross profit was 37.0% of net sales for the 13-week period ended May 2,
2015, compared with 37.5% for the 13-week period ended May 3, 2014. The
decline was mainly due to markdowns taken to sell through merchandise
related to slow sales in February due to store closures. Store occupancy
costs also increased as a percentage of net sales due to
lower-than-anticipated comparable store sales.

Store operating, selling and administrative expenses were 19.2% of net
sales for the 13-week period ended May 2, 2015, compared with 18.7% of
net sales for the 13-week period ended May 3, 2014. These expenses were
higher as a percentage of net sales due to lower-than-anticipated
comparable store sales.

Net income was $27.4 million for the 13-week period ended May 2, 2015,
compared with $28.4 million for the 13-week period ended May 3, 2014.
Earnings per diluted share totaled $1.09 for both the 13-week period
ended May 2, 2015, and the 13-week period ended May 3, 2014.

For the quarter, Hibbett opened 15 new stores, expanded 3 high
performing stores and closed 2 underperforming stores, bringing the
store base to 1,001 in 32 states as of May 2, 2015. The Company also
opened its first store in New Jersey in the quarter.

Liquidity and Stock Repurchases
Hibbett ended the first quarter of Fiscal 2016 with $119.1 million of
available cash and cash equivalents on the consolidated balance sheet,
no bank debt outstanding and full availability under its $80.0 million
unsecured credit facilities.

During the first quarter, the Company repurchased 194,764 shares of
common stock for a total expenditure of $9.5 million. Approximately
$166.0 million of the total authorization remained for future stock
repurchases as of May 2, 2015.

Fiscal 2016 Outlook
The Company is revising its guidance for the 52 weeks ending January 30,
2016, to earnings per diluted share in the range of $2.95 to $3.04, with
comparable store sales in the low single-digit range, and a flat to
slightly negative product gross margin rate compared to Fiscal 2015.
This compares with previous guidance of earnings per diluted share in
the range of $2.95 to $3.09, with comparable store sales in the
low-to-mid single digit range, and a slightly positive product gross
margin rate compared to Fiscal 2015.

Investor Conference Call and Simulcast
Hibbett Sports, Inc. will conduct a conference call at 10:00 a.m. ET on
Friday, May 22, 2015, to discuss first quarter results. The number to
call for the live interactive teleconference is (212) 231-2926. A replay
of the conference call will be available until May 29, 2015, by dialing
(402) 977-9140 and entering the passcode, 21766453.

The Company will also provide an online Web simulcast and rebroadcast of
its first quarter conference call. The live broadcast of Hibbett's
quarterly conference call will be available online at www.hibbett.com
under Investor Relations on May 22, 2015, beginning at 10:00 a.m. ET.
The online replay will follow shortly after the call and be available
for replay for one year.

Hibbett Sports, Inc. operates sporting goods stores in small to
mid-sized markets, predominately in the South, Southwest, Mid-Atlantic
and Midwest regions of the United States. The Company’s primary store
format is Hibbett Sports, a 5,000-square-foot store located in strip
centers and enclosed malls.

A WARNING ABOUT FORWARD LOOKING STATEMENTS:

Certain matters
discussed in this press release are "forward looking statements" as that
term is used in the Private Securities Litigation Reform Act of 1995.Forward looking statements address future events, developments or
results and typically use words such as believe, anticipate, expect,
intend, plan, forecast, guidance, outlook, or estimate.For
example, our forward looking statements include statements regarding
store opening plans,sales trends, margin trends, inventory mix
and pricing, progress on major initiatives, earnings per diluted share,
comparable store sales and product gross margin rate.Such
statements are subject to risks and uncertainties that could cause
actual results to differ materially, including economic conditions,
industry trends, merchandise trends, vendor relationships, customer
demand, and competition.For a discussion of these factors, as
well as others which could affect our business, you should carefully
review our Annual Report and other reports filed from time to time with
the Securities and Exchange Commission, including the "Risk Factors,"
"Business" and "MD&A" sections in our Annual Report on Form 10-K filed
on March 31, 2015. In light of these risks and uncertainties, the future
events, developments or results described by our forward looking
statements in this document could turn out to be materially and
adversely different from those we discuss or imply.We are not
obligated to release publicly any revisions to any forward looking
statements contained in this press release to reflect events or
circumstances occurring after the date of this report and you should not
expect us to do so.

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